Castech (SZSE:002222) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Castech LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Castech's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Castech's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Castech is progressively becoming less dependent on debt to grow their business.

Castech LT-Debt-to-Total-Asset Historical Data

The historical data trend for Castech's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Castech LT-Debt-to-Total-Asset Chart

Castech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Castech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Castech LT-Debt-to-Total-Asset Calculation

Castech's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11.085	/	1761.241
	=	0.01

Castech's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	9.467	/	1781.929
	=	0.01

Castech (SZSE:002222) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Castech LT-Debt-to-Total-Asset Related Terms

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Castech (SZSE:002222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Castech Inc (SZSE:002222) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

155 Yangqiao WestRoad, Fuzhou, Fujian, CHN, 350002

Website

http://www.castech.com

Castech Inc is a manufacturer and supplier of crystals and optical components. The company manufactures a wide range of high precision spherical, cylindrical and flat optics components for original equipment manufacturer customers from industries of the laser, telecom, biomedical instruments and analysis instruments. More than 80% of the company's products exported to North America, Europe, Japan and other Asian countries.

Executives

Chen Hui	Director
Xie Fa Li	Director
Chen Qiu Hua	Executives
Yao Yuan Gen	Director
Wang Xi Dan	Supervisors

Castech (SZSE:002222) Headlines

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